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The word "commodity" can also refer to a tangible good, but it generally means a raw material or primary product. In order for it to be considered a good, the object or service must be able to be sold at a prize above zero. Goods satisfy wants and provide utility to the consumer. Certain types of goods are considered tangible in economic theory but are not so in common speech; an example is information.
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A business analyst, Reggie suspects that due to an impending acquisition of his employer, his position will be eliminated soon. As he is pulling together a resume, he begins looking online for other BA job postings, and begins to notice that at least 33 percent of the job postings mention user acceptance testing — but in the office, it's always been referred to as user sign-off testing. He makes a mental note to verify what language is unique to his current employer vs. what is widely-accepted.